Lender-Placed Hazard Insurance

Lender-Placed Hazard Insurance

Loan Protector’s hazard insurance protects mortgage lenders and services when a borrower fails to maintain their own property insurance. With coverage written through numerous lender-placed carriers, we offer coverage limits up to $5 million per residential property and $35 million per commercial property. Higher limits may be available with additional underwriting information.

Residential Coverage Highlights:

All Risk – Special Form Coverage

Replacement Cost Settlement

Standalone Wind Coverage is available when wind is excluded from your borrower’s homeowner’s policy

Vandalism & Malicious Mischief Coverage included

(Optional) Blanket Condominium Endorsement provides coverage for condos while eliminating the need to track insurance on these loans

(Optional) Blanket Second Mortgage/HELOC Endorsement provides coverage for second mortgage/HELOC loans while eliminating the need to track insurance on these loans

Commercial Coverage Highlights:

All Risk – Special Form Coverage

Replacement Cost Settlement

Standalone Wind Coverage is available when wind is excluded from your borrower’s commercial property policy